Winter 2023 Newsletter - My San Juan Islands

January 2023

Greetings!

We’ve had an eventful start to winter in the islands, complete with county-wide power outages, snow and single digit wind chills. Post holiday rush finds us enjoying a more moderate season, looking forward to spring. The real estate market has followed suit–a wild ride, followed by return to balance. To explore the specifics for year end real estate numbers in San Juan County, read our article below.

We hope you find our newsletter informative and always enjoy hearing from our clients; feel free to contact us at any time, we are eager to be the preferred choice for your San Juan Islands real estate needs.

Jane & Peter Anna

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2022 Year End Market Review

Examining the statistics for year end dollar volume and total real estate transactions in San Juan County, it is clear that our market was in a corrective state in the latter half of 2022. As evidenced by the graphical data, 2020 & 2021 were very much anomalous years in real estate. Final numbers in 2022 are more consistent with the well-balanced, pre-pandemic market we experienced in 2019. In comparison with 2021, the 2022 total dollar volume of sold properties on San Juan Island and San Juan County decreased by 28% and 33% respectively. This end-of-year result was not surprising to most industry professionals, as we knew the record-breaking sales numbers of ‘20/’21 were not likely sustainable. To read more click HERE.

The “Wellness” Factor

In the recent wake of a slowing real estate market, a notable trend of promoting a home’s “wellness factor” is on the rise, according to a recent Forbes article. But what is defined as wellness? The Global Wellness Institute defines it as the active pursuit of activities, choices and lifestyles that lead to a state of holistic health. At its core, wellness real estate is about creating built environments that are proactively designed around the occupant’s holistic health. For so many, work environments have dramatically shifted during the pandemic, increasing the demands for higher levels of personal care. Awareness of the links between our homes and our health was growing before the pandemic, but it has exploded in the months since.

Recent polling showed 59% of consumers will pay a premium for a wellness-oriented home versus a non-wellness offering. So what wellness features are considered most desirable? Which offer the best return on investment?

To learn more, click HERE to read the full Forbes article.

What is Coldwell Banker Global Luxury?

Coldwell Banker Global Luxury® is widely considered to be among the world’s consummate programs for successful luxury property promotion on local, national, and international scales. To find out more, check out our dedicated Global Luxury® page on our website. Interested in your current properties value? Click HERE.

Current Events

Explore local events and stay up to date with what is happening in the San Juan Islands this month on our current events page. For an extensive list, visit the San Juan Islands Visitor Bureau’s website for more information.